Non-USD stablecoin supply hits $1.2B as holder addresses top 1.2M

ChainCatcher reported, citing Forbes and research from Dune and Visa, that the total supply of non-U.S. dollar stablecoins has climbed to $1.2 billion, with monthly on-chain transaction volume around $10 billion. The number of addresses holding these tokens has surged from roughly 40,000 at the start of 2023 to 1.2 million today. Euro-denominated stablecoins posted the strongest gains, supported by the MiCA regulatory framework, with monthly transaction volume rising year over year from $383 million to $3.83 billion. Stablecoins pegged to the Japanese yen, Singapore dollar, Brazilian real, and other local currencies are also expanding, signaling a shift from a U.S. dollar-led market toward a multi-currency on-chain settlement system.